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Business, 01.12.2021 04:10 avashyasingh

13. Lily Company had the following account totals as of December 31, 20X2.Cost of goods sold Accounts receivable Rent revenue Accounts payable Sales Inventory Bank Loan Payable *Cash Retained earnings (beginning of year, January 1,20x2) Prepaid insurance (6-month insurance policy) Paid-in capital Equipment Unearned rent revenue (9-month contract) $150,000 100,000 10,000 25,000 200,000 50,000 20,000 18,000 80,000 15,000 38,000 45,000 5,000 * of the $20,000 bank loan payable, $3,000 will be repaid in 20x3. What is Lily Company's CURRENT RATIO?О5.74О6.14O4.06

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13. Lily Company had the following account totals as of December 31, 20X2.Cost of goods sold Account...
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